Google Pay users will now have to pay a special fee for special reading / money transfer, know all the details with one click
There is a rumor going around among users of Google Pay that they will have to pay for money transfer from 2021, but is that really the case? So the answer is both yes and no. Money transfers to Google Pay will be charged from 2021, but only to US users. Users in India do not have to pay any charge for this. Google has clarified in a recent report that there is no charge for transferring money to users in India, it is only for money transfer on American platforms.
Google Pay's web page will be closed
Just last week, Google announced that it was launching a redesigned Google Pay app with Google on Android and iOS in 2021. Users can no longer use the service on web browsers.
Google Pay allows users to transfer money via mobile or web page. The company recently announced the closure of its web app. According to the company, people can no longer use pay.google.com to send or receive money. Only Google Pay app can be used for money transfer. Google has also clarified that the support page of Google Pay will be closed in January next year.
The charge will be up to 1.5 percent
The company said that when you transfer money from your bank account, it takes 1 to 3 days, the payment from the debit card is done immediately. Transferring money by debit card will be 1.5 percent or more than 3. 3.1, the fee will apply.
Google Pay will also charge instant fund transfers, the report said. According to a Google spokesperson, this is exclusive to Charge and Free America and applies to Google Pay for business app in India.
As of September 2019, there were 67 million users in India with a total payment value of 110 110 billion on an annual basis of Google Pay. Google Pay for Business announced more than 3 million merchants in June 2020.